Common use of Funding Losses; Eurodollar Rate Advances Clause in Contracts

Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate the Lender, upon its written request, for all losses, expenses and liabilities (including any interest paid by the Lender to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by the Lender in connection with the re-employment of such funds and including loss of anticipated profits) which the Lender may sustain: (i) if for any reason, other than a default by the Lender, a funding of a Eurodollar Rate Advance does not occur on the date specified therefor in the Borrower's request or notice as to such Advance under Section 3.1 or 3.2, or (ii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 3.7, occurs on any day other than the last day of the Interest Period applicable thereto. The Lender's request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 6 contracts

Samples: Credit and Security Agreement (Cryenco Sciences Inc), Credit and Security Agreement (Wsi Industries Inc), Credit and Security Agreement (Wsi Industries Inc)

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Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate the Lendereach Bank, upon its written request, for all losses, expenses and liabilities (including any interest paid by the Lender such Bank to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by the Lender such Bank in connection with the re-employment reemployment of such funds and including loss of anticipated profits) which the Lender such Bank may sustain: (i) if for any reason, other than a default by the Lendersuch Bank, a funding of a Eurodollar Rate Advance does not occur on the date specified therefor in the Borrower's request or notice as to such Advance under Section 3.1 2.2 or 3.22.4, or (ii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 3.72.24, or an assignment pursuant to Section 2.28(c), occurs on any day other than the last day of the Interest Period applicable thereto. The LenderA Bank's request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 1 contract

Samples: Credit Agreement (Damark International Inc)

Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate the Lendereach Bank, upon its written request, for all losses, expenses and liabilities (including any interest paid by the Lender such Bank to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by the Lender such Bank in connection with the re-employment of such funds and including loss of anticipated profits) which the Lender such Bank may sustain: (i) if for any reason, other than a default by the Lendersuch Bank, a funding of a Eurodollar Rate Advance does not occur on the date specified therefor in the Borrower's request or notice as to such Advance under Section 3.1 2.2 or 3.22.4, or (ii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 3.72.23, occurs on any day other than the last day of the Interest Period applicable thereto. The LenderA Bank's request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 1 contract

Samples: Credit Agreement (Marten Transport LTD)

Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate the Lender, upon its written request, for all losses, expenses and liabilities (including any interest paid by the Lender to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by the Lender in connection with the re-employment of such funds and including loss of anticipated profits) which the Lender may sustain: (i) if for any reason, other than a default by the Lender, a funding of a Eurodollar Rate Advance does not occur on the date specified therefor in the Borrower's request or notice as to such Advance under Section 3.1 S2 or 3.2S3, or (ii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 3.7S8, occurs on any day other than the last day of the Interest Period applicable thereto. The Lender's request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 1 contract

Samples: Credit Agreement (Rimage Corp)

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Funding Losses; Eurodollar Rate Advances. The Borrower shall compensate the Lendereach Bank, upon its written requestrequest to the Borrower, for all losses, expenses and liabilities (including any interest paid by the Lender such Bank to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by the Lender such Bank in connection with the re-employment of such funds and including loss of anticipated profits) which the Lender such Bank may sustain: (i) if for any reason, other than a default by the Lendersuch Bank, a funding of a Eurodollar Rate Advance does not occur on the date specified therefor there for in the Borrower's request or notice as to such Advance under Section 3.1 or 3.22.2, or (ii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 3.72.18, occurs on any day other than the last day of the Interest Period applicable thereto. The LenderA Bank's request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

Appears in 1 contract

Samples: Credit Agreement (Norstan Inc)

Funding Losses; Eurodollar Rate Advances. The Borrower Borrowers shall compensate the Lendereach Bank, upon its written request, for all losses, expenses and liabilities (including any interest paid by the Lender such Bank to lenders of funds borrowed by it to make or carry Eurodollar Rate Advances to the extent not recovered by the Lender such Bank in connection with the re-employment of such funds and including loss of anticipated profits) which the Lender such Bank may sustain: (i) if for any reason, other than a default by the Lendersuch Bank, a funding of a Eurodollar Rate Advance does not occur on the date specified therefor in the Borrower's request or notice as to such Advance under Section 3.1 SECTION 2.2 or 3.22.4, or (ii) if, for whatever reason (including, but not limited to, acceleration of the maturity of Advances following an Event of Default), any repayment of a Eurodollar Rate Advance, or a conversion pursuant to Section 3.7SECTION 2.16, occurs on any day other than the last day of the Interest Period applicable thereto. The LenderA Bank's request for compensation shall set forth the basis for calculation of the amount requested and shall be final, conclusive and binding, absent error.

Appears in 1 contract

Samples: Credit Agreement (Pilgrim Capital Corp)

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